Colorado Debt Collection Laws and Statutes

Colorado Debt Collection Laws and Statutes

AccountsReceivable.com handles debt collections throughout the entire state of Colorado.

Below you will find important information on Colorado state debt recovery laws including:
Colorado Statutes, Judgments, Garnishments, Interest Rates, and Bad Check Laws.

STATE: COLORADO

Interest Rate

  • Legal: 8%
  • Judgment: 8% (or higher if specified in contract or note)

STATUTE OF LIMITATIONS (IN YEARS)

  • Open Account: 3
  • Written Contract: 6 (signed promissory note)
  • Written Contract Goods Service: 3
  • Domestic Judgment:
    – District Court-20 (renewable every 20)
    – County Court-6 (renewable every 6)
  • Foreign Judgment: 6 in CO.

BAD CHECK LAWS (CIVIL PENALTY)

Treble damages & Reasonable Fees

GENERAL GARNISHMENT EXEMPTIONS

See federal law.

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